Synopsis: The shares of this chemical company soared more than 17% following the announcement of results by the company with a growth of 152% in its PAT and 46% in revenue from operations YoY basis and also declared dividend.
The shares of this company which is in the business of producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers contract research and manufacturing services was in the spotlight when the company declared its Q2 results with growth in several metrics of the company
With the market cap of Rs 29,114 crore, the shares of Navin Fluorine International Ltd Skyrocketed more than 17% and made a high of Rs 5,839 compared to its previous day closing of Rs 4,976, today also marks its 52-week high. The stock is trading at a PE of 66 compared to its median PE of 72.2.
Q2 Results highlights
The Revenue from operations for the company stood at Rs 758 crore when compared to Rs 518 crore in Q2 FY25, growing by about 46% YoY basis and on QoQ basis increasing 5 % from Rs 725 crore in Q1 FY26.
The PAT grew by about 152% YoY basis when you compare the Q2 FY26 at Rs 148 crore to Q2 FY25 of Rs 59 crore, and on QoQ basis has increased 27 % from Rs 117 crore in Q1 FY26. The company has declared an interim dividend of Rs 6.5 per share with the record date being 7 November 2025.
The Board has approved capital expenditure of ₹236.50 Crores, for setting up an additional HFC capacity upto 15K MTPA R32 equivalent quantity at Surat unit of the Company and also approved funding of ₹75 Crores for debottlenecking of Multi Purpose Plant facility at Dahej by the Company’s Wholly Owned Subsidiary, Navin Fluorine Advanced Sciences Limited.
The company is operating across 3 verticals – HPP, Speciality chemicals and CDMO.
Segment-wise, the HPP segment achieved a 38% year-on-year (YoY) revenue growth, reaching Rs. 404 crore, supported by higher volumes and better price realizations. The Specialty Chemicals division reported a 39% YoY rise to Rs. 220 crore, while the CDMO segment delivered an impressive 98% YoY growth, touching Rs. 134 crore, and played a major role in boosting overall performance.
Navin Fluorine International Ltd (NFIL) is one of the largest Indian manufacturers of speciality fluorochemicals. It belongs to the Padmanabh Mafatlal Group – one of India’s oldest industrial houses. Established in 1967, NFIL operates one of the largest integrated fluorochemicals complexes in India with manufacturing locations at Surat and Dahej in Western India and Dewas in Central India.
Axis Securities increased its target price for the stock to Rs. 5,930 per share from the earlier Rs. 5,400, and upgraded its rating from “Hold” to “Buy” following the Q2 results.
According to the prospectus, the company’s plans to expand across all three business segments reflect its focus on enhancing value addition, capturing high-margin opportunities, and diversifying into fast-growing sectors.
Written by Leon Mendonca
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